The New Falcone Philip Holding in Hc2 Holdings, Inc
Falcone Philip filed with the SEC SC 13D/A form for Hc2 Holdings, Inc. The form can be accessed here: 000100683716000126. As reported in Falcone Philip’s form, the filler as of late owns 12.7% or 5,901,703 shares of the Utilities & Telecommunications–company.
Hc2 Holdings, Inc stake is a new one for the and it was filed because of activity on November 11, 2016. We feel this shows Falcone Philip’s positive view for the stock.
Hc2 Holdings, Inc Institutional Sentiment
Latest Security and Exchange filings show 54 investors own Hc2 Holdings, Inc. The institutional ownership in Q3 2015 is high, at 32.11% of the outstanding shares. This is increased by 4401142 the total institutional shares. 13427823 were the shares owned by these institutional investors. In total 5 funds opened new Hc2 Holdings, Inc stakes, 19 increased stakes. There were 12 that closed positions and 16 reduced them.
2 managers had the stock in their top Ten. Notable investors are: Dg Capital Management Llc, Mittleman Brothers Llc, Steel Partners Holdings L.P., Wingspan Investment Management Lp..
Fny Managed Accounts Llc is an institutional investor bullish on Hc2 Holdings, Inc, owning 50000 shares as of Q3 2015 for less than 0.01% of its portfolio. Sander Gerber Hudson Bay Capital Management Lp owns 876542 shares or 1.20% of its portfolio. NY Dg Capital Management Llc have 5.95% of their stock portfolio for 729483 shares. Further, Caspian Capital Lp reported stake worth 1.19% of its US stock portfolio. The RI Whalerock Point Partners Llc owns 1076222 shares. Hc2 Holdings, Inc is 3.25% of the manager’s US portfolio.
HC2 Holdings, Inc. is a holding company. The Company operates through seven segments: Manufacturing (Schuff), Marine Services (GMSL), Insurance, Telecommunications (PTGi-ICS), Utilities, Life Sciences and Other. Schuff fabricates and erects structural steel for commercial and industrial construction projects, such as high- and low-rise buildings and office complexes, hospitals, dams, bridges, mines and power plants. GMSL is an offshore engineering company focused on specialist subsea services across the market sectors, such as telecommunications, oil and gas, and offshore power. The Insurance segment, CIG, provides long-term care, life and annuity coverage to approximately 99,000 individuals through its Insurance Companies. The PTGi-ICS business unit provides customers with Internet-based protocol and time-division multiplexing (TDM) access and transport of long distance voice minutes. The Life Sciences segment focuses on the development of technologies and products in healthcare.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 2.06 in 2016 Q2. Its up 0.51, from 1.55 in 2016Q1. The ratio improved, as 9 funds sold all HC2 Holdings Inc shares owned while 9 reduced positions. 11 funds bought stakes while 26 increased positions. They now own 22.26 million shares or 1.27% more from 21.98 million shares in 2016Q1.
California State Teachers Retirement Systems holds 70,011 shares or 0% of its portfolio. Jefferies Group Ltd has 0.07% invested in the company for 3.52 million shares. Nationwide Fund Advisors owns 20,875 shares or 0% of their US portfolio. Moreover, State Street has 0% invested in HC2 Holdings Inc (NYSEMKT:HCHC) for 289,073 shares. The Illinois-based Equitec Proprietary Mkts Ltd Com has invested 0.02% in HC2 Holdings Inc (NYSEMKT:HCHC). Blackrock Investment Management, a New Jersey-based fund reported 135,027 shares. First Manhattan Co accumulated 0% or 15,000 shares. The Pennsylvania-based Vanguard Gru has invested 0% in HC2 Holdings Inc (NYSEMKT:HCHC). The New York-based Goldman Sachs Grp has invested 0% in HC2 Holdings Inc (NYSEMKT:HCHC). Geode Capital Mgmt Limited holds 0% or 175,176 shares in its portfolio. Tiaa Cref Management Ltd Liability accumulated 0% or 192,371 shares. Bancorp Of America Corp De has invested 0% of its portfolio in HC2 Holdings Inc (NYSEMKT:HCHC). Moreover, Morgan Stanley has 0% invested in HC2 Holdings Inc (NYSEMKT:HCHC) for 280,612 shares. Blackrock Institutional Na accumulated 330,601 shares or 0% of the stock. Voya Inv Mngmt Limited Liability Com has 15,569 shares for 0% of their US portfolio.
Insider Transactions: Since November 11, 2016, the stock had 5 buys, and 0 sales for $413,929 net activity. Another trade for 10,000 shares valued at $45,485 was made by Sena Michael J. on Monday, November 14. GFELLER WARREN H had bought 5,000 shares worth $21,340 on Friday, November 11. The insider FALCONE PHILIP bought $95,231. Another trade for 25,000 shares valued at $114,390 was bought by Voigt Paul.
The stock increased 1.43% or $0.07 on November 17, hitting $4.6. About 433,192 shares traded hands. HC2 Holdings Inc (NYSEMKT:HCHC) has risen 18.28% since April 15, 2016 and is uptrending. It has outperformed by 13.65% the S&P500.
HC2 Holdings, Inc. is a holding company. The company has a market cap of $190.27 million. The Firm operates through seven divisions: Manufacturing , Marine Services (GMSL), Insurance, Telecommunications (PTGi-ICS), Utilities, Life Sciences and Other. It currently has negative earnings. Schuff fabricates and erects structural steel for commercial and industrial construction projects, such as high- and low-rise buildings and office complexes, hospitals, dams, bridges, mines and power plants.
According to Zacks Investment Research, “HC2 Holdings Inc. is an integrated facilities-based communications services provider. The Company offers international and domestic voice, voice-over-Internet protocol (VOIP), Internet, wireless, data and hosting services to business and residential retail customers and other carriers located in North America, Australia, and Europe. HC2 Holdings, Inc., formerly known as PTGi Holding Inc., is headquartered in Herndon, Virginia.”
HCHC Company Profile
HC2 Holdings, Inc., incorporated on February 4, 1994, is a holding company. The Firm operates through seven divisions: Manufacturing, Marine Services, Insurance, Telecommunications, Utilities, Life Sciences and Other. The Company’s subsidiaries include Schuff International, Inc. (Schuff), which is a structural steel fabricator and erector in the United States; Global Marine Systems Limited (GMSL), a well-known provider of engineering and underwater services on submarine cables; Continental Insurance Inc., a platform for its run-off long-term care business, through its two insurance companies, United Teacher Associates Insurance Company (UTA) and Continental General Insurance Company (CGI); PTGi-International Carrier Services (PTGi-ICS), a well-known provider of Internet protocol and time-division multiplexing (TDM) access and transport of long distance voice minutes; American Natural Gas (ANG), a compressed natural gas fueling company, and Pansend Life Sciences, Ltd. (Pansend), which is focused on supporting healthcare and biotechnology product development. The Company’s geographical divisions are the United States and the United Kingdom.
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